Beck Capital Management LLC raised its position in Citigroup Inc (NYSE:C) by 217.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,190 shares of the financial services provider’s stock after purchasing an additional 36,450 shares during the quarter. Citigroup comprises approximately 1.8% of Beck Capital Management LLC’s investment portfolio, making the stock its 21st biggest holding. Beck Capital Management LLC’s holdings in Citigroup were worth $3,869,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the business. King Luther Capital Management Corp boosted its holdings in shares of Citigroup by 0.7% in the third quarter. King Luther Capital Management Corp now owns 197,011 shares of the financial services provider’s stock valued at $14,331,000 after acquiring an additional 1,323 shares in the last quarter. Citizens Financial Group Inc. RI boosted its holdings in shares of Citigroup by 11.0% in the third quarter. Citizens Financial Group Inc. RI now owns 270,949 shares of the financial services provider’s stock valued at $19,709,000 after acquiring an additional 26,791 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Citigroup by 11.7% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,695,410 shares of the financial services provider’s stock valued at $196,889,000 after acquiring an additional 283,400 shares in the last quarter. Davis Capital Partners LLC bought a new position in shares of Citigroup in the third quarter valued at approximately $21,822,000. Finally, Synovus Financial Corp boosted its holdings in shares of Citigroup by 101.3% in the third quarter. Synovus Financial Corp now owns 97,581 shares of the financial services provider’s stock valued at $7,097,000 after acquiring an additional 49,109 shares in the last quarter. Institutional investors own 80.71% of the company’s stock.
A number of brokerages recently weighed in on C. Royal Bank of Canada restated an “outperform” rating and set a $85.00 target price on shares of Citigroup in a report on Wednesday, January 17th. DZ Bank upgraded shares of Citigroup from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. Macquarie restated a “neutral” rating and set a $84.00 target price (up from $82.00) on shares of Citigroup in a report on Monday. JPMorgan Chase & Co. set a $80.00 target price on shares of Citigroup and gave the stock a “buy” rating in a report on Wednesday, January 17th. Finally, Vetr lowered shares of Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 price objective for the company. in a research note on Monday, January 29th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $79.65.
Citigroup Inc (C) traded up $1.53 during trading on Wednesday, hitting $76.71. 16,257,629 shares of the stock were exchanged, compared to its average volume of 17,550,000. The company has a market cap of $202,820.00, a P/E ratio of 13.82, a P/E/G ratio of 1.09 and a beta of 1.54. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.29. Citigroup Inc has a fifty-two week low of $56.55 and a fifty-two week high of $80.70.
Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.09. The business had revenue of $17.26 billion for the quarter, compared to the consensus estimate of $17.23 billion. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.60%. Citigroup’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.14 EPS. equities research analysts anticipate that Citigroup Inc will post 6.4 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Monday, February 5th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.67%. Citigroup’s dividend payout ratio is currently 23.06%.
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Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.
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